Stocks closed mixed, with the Dow Jones gaining 0.08% thanks to a 4.9% rise in Nike after an upgrade to Buy by Jefferies. The Nasdaq fell 1.2% and the S&P 500 dropped 0.5%, pressured by declines in Meta Platforms and Microsoft. Nvidia saw a 3.1% drop ahead of its earnings report, with analysts expecting significant revenue growth.
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0 in Finance and 0 in Crypto last weekAckman’s Pershing Square Gains Fall Short Against S&P 500 in 2024
Bill Ackman’s Pershing Square Holdings experienced a net gain of 10.2% in 2024, underperforming the S&P 500’s 23% rise. Nearly half of the fund’s stocks ended the year in negative territory, with notable losses from Nike and Universal, while Brookfield, Fannie Mae, and Freddie Mac saw gains. This marked the first time since 2017 that Ackman failed to surpass the broader market.
about Ackman's Pershing Square Gains Fall Short Against S&P 500 in 2024